Spring Wheat Mpls Jul '26 (MWN26)
Spring Wheat Mpls Futures Market News and Commentary
Wheat is higher across most contracts so far on Tuesday Wednesday. The wheat complex posted mixed action on Tuesday. Chicago SRW were up ½ to 2 cents in the front months on Tuesday, with other contracts down ¼ to 1 ½ cents. Open interest was down 7,779 contracts on Tuesday. KC HRW futures saw fractional to 1 ½ cent gains across the board on Tuesday. OI was down 5,713 contracts. MPLS spring wheat closed with losses of ¾ to 2 cents.
NASS Crop Progress data showed 92% of the US winter wheat crop headed by Sunday, 7% ahead of normal. Harvest was pegged at 11%, faster than the 6% average pace. Conditions were down 1% to 25% gd/ex, with the Brugler500 index down 6 to 263. An average of the 5 HRW states was 211, the lowest on record, with an average of SRW states at 362.
The spring wheat crop was 98% planted, 3% ahead of normal, with emergence at 87% and 7% faster than average. Spring wheat conditions were 52% gd/ex, up 5%, with the Brugler500 rising 7 points to 350. The only s... Read more
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